MY DEAR FRIENDS,
DIVERSION OF EMPLOYEES' PENSION CORPUS FUNDS FOR "WINDOW DRESSING " THE BANK BALANCE SHEETS
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REFERRING TO THE ABOVE, I INVITE YOUR URGENT ATTENTION TO THE CONTENTS OF THE FOLLOWING LINK/S FOR THE
CONCERTED EFFORTS ON MY PART TO BRING TO THE NOTICE OF THE VARIOUS AUTHORITIES IN THE GOVERNMENT / JUDICIARY AS TO THE
EMBEZZLEMENT OF EMPLOYEES PENSION CORPURS IN THE BANKS WITH PRIMA-FACE EVIDENCE SUPPORTED BY OCULAR PROOFS.
https://www.youtube.com/watch?v=6GFnTDb4Ew8&t=30s
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:AREAS OF MISAPPROPRIATION:
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- By not remitting the managements contribution towards the pension corpus promptly as envisaged in the regulations.
- By Diverting the Pension Corpus funds to Private investments
- Loss of interest for the belated period is not compensated.
- Misappropriation of the Corpus Funds to cover up the Banks' losses (Window dressing)
IN SHORT, THE ABOVE TANTAMOUT TO "EMBEZZLEMENT OF FUNDS" - A COGNIZABLE CRIMINAL OFFENCE (BREACH OF TRUST)
IF THE SAME WERE TO BE INDULGED BY ANY ERRING EMPLOYEE IN A STRAY INCIDENCE, HE / SHE WOULD HAVE BEEN DISMISSED FROM THE SERVICE MERCILESSLY AS PER THE SERVICE CONDITIONS. THIS IS BESIDES PROSECUTING HIM /HER UNDER THE IPC FOR "CRIMINAL BREACH OF TRUST" EVEN FOR A PALTRY AMOUNT OF INVOLVEMENT FOR THAT MATTER.
ON THE SAME LOGIC, ALL THE MEMBERS OF THE PENSION TRUST BOARDS OF THE BANKS ARE ALSO PUNISHABLE WITHOUT ANY EXCEPTION.
MY ABOVE APPREHENSIONS PROVED TO BE CORRECT AS CONFIRMED BY NONE LESS THAN THE MINISTRY OF FINANCE - (MOF/DFS) - BY THEMSELVES WHILE REPLYING TO A GRIEVANCE AS DETAILED HEREUNDER:
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QUOTE :
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GRIEVANCE REFERENCE : # PMOPG/E/ 2021/0374799
NAME OF THE COMPLAINANT : A A VAIDYA
DATE OF RECEIPT AT PMO : 16 05 2021
DATE OF REPLY BY MOF/DFS : 20 05 2021
https://drive.google.com/file/d/1bFlun1YQwaNfJ6pzctPpUHyX7fxi6RdM/view?usp=sharing
QUOTE:
"Pension is a funded scheme in Public Sector Banks and was introduced in lieu of the Contributory Provident Fund on the basis of consensus arrived at between bank Unions Associations and IBA on behalf of participating banks Accordingly, bank Boards framed Employees Pension Regulations. Which were notified under the provisions of the Banking Companies Acquisition and Transfer of Undertakings Acts of 1970 and 1980 Pension is payable as per the agreement arrived at between bank Unions Associations and the banks."
"THE ABOVE FORMULA IS NOT APPLICABLE TO SBI. THE PENSION FUNDS WERE UTILIZED BY BANKS INCLUDING SBI LAST YEAR TO SETTLE NPA. "
YOUR APPROACH IS VERY COMMERCIAL AND NOT EXPECTED BY PM OR GOVERNMENT OF INDIA
Sd./-
(Archana Makkar)
Section Officer
Ministry of Finance,
Dept.of Financial Services,
Govt. of India. (20 05 2021)
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UNQUOTE :
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FRIENDS, FROM THE ABOVE, IT IS CONFIRMED BEYOND ANY DOUBT THAT BANKS HAVE DIVERTED / MANIPULATED / THE EMPLOYEES PENSION CORPUS FOR WINDOW DRESSING THEIR BALANCE SHEETS BESIDES DIVERTING TO PRIVATE INVESTMENTS EXPLOITING THE SYSTEM LOOPHOLES -
A CRIMINAL BREACH OF TRUST .
IT'S HIGH TIME THAT THE CULPRITS (ALL THE ERRING MEMBERS OF THE TRUST BOARDS ), NEED TO BE BROUGHT TO BOOK WITHOUT ANY EXCEPTIONAS ALREADY DETAILED OUT IN MY ABOVE COMPLAINTS
CLICK THE FOLLOWING LINK FOR THE MEMBERS' FEEDBACK :
I CONGRATULATE ALL MY FRIENDS WHO REGISTERED THEIR FEEDBACK TO ENABLE THE AUTHORITIES CONCERNED TO TAKE NOTE OF THE SAME AND TO ACT SWIFTLY TO UNDO THE DAMAGE CAUSED TO THE INNOCENT RETIREES FOR OVER THREE DECADES !!!
I remain – Yours,
“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......
I remain – Yours,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI
devulapallimurti@gmail.com
28 05 2021
Ramavarappadu (PO) :: VIJAYAWADA 521108
9989318300